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With Tanker Deal Shelved, Boeing Must Dig in For Possible Long Strike
Just one day after The Boeing Co. (BA) was notified that a multi-billion-dollar U.S. Air Force tanker competition has been put on hold, the embattled aerospace firm said it was steeling itself for a long strike by its hourly work force.
Boeing’s commercial aircraft production areas were quiet Monday after the manufacturer’s 27,000 machinists walked off the company’s jetliner assembly lines to protest a proposed labor contract they contend falls far short of what’s fair in terms of health-care benefits and job security, MarketWatch.com reported.
On Wednesday, Boeing Chief Financial Officer James A. Bell said the company expects the strike to…
12Sep2008 | Money Morning | Comments Off | Continued
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